Nestle jumped over 5 percent after the FMCG major said its popular product Maggi cleared tests conducted by Central Food Technological Research Institute (CFTRI) under the directive of Supreme Court, reiterating that the instant noodles brand is safe for consumption.
The HDFC Bank "has got no love and respect for India" as it put the country's reputation at stake by not activating a debit card of a couple "trapped in a foreign country", the apex consumer court has said.
The apex consumer court Tuesday reserved its order on whether 31 more samples of Maggi noodles should be sent for testing in connection with the government's Rs 640 crore suit against Nestle India for alleged unfair trade practices.
The apex consumer court Thursday ordered testing of 13 samples of Maggi noodles to ascertain the claims made in Centre's Rs 640 crore suit against Nestle India alleging unfair trade practices in relation to lead and MSG content in the product.
Alleging bias, Nestle India Limited Wednesday told the apex consumer commission that it was being "singled out" by the government in the Maggi noodles ban case as no action was being taken against other manufacturers of similar products.
The apex consumer disputes forum on Wednesday will hear the Rs 640-crore class action suit filed by the central government against Nestle India, alleging unfair trade practices with regard to Maggi noodles.
A day after the government filed a Rs 640-crore class action suit against Nestle India before consumer redressal forum NCDRC, the company Wednesday said it is disappointed with the 'unprecedented step'.
The apex consumer commission has imposed a punitive cost of Rs 10 lakh on a public sector insurance company for wrongly denying claims of several people, saying such firms "are always at their best in defeating noble objectives of any welfare scheme".
The apex consumer commission has asked a real estate company to pay over Rs one crore to a doctor for its failure to give him possession of an apartment, saying that it was making profits at the expense of others.
Allowing pharma companies to earn excessive profit is against the principles of morality and ethics, the National Consumer Commission has said, directing the Centre to reduce the MRP of a drug for checking effects of non-cancerous tumor on which Novartis make over 100 percent gain.
Not getting a government job with a degree issued by a recognised college or university does not amount to deficiency on part of the educational institution, warranting refund of fee, the apex consumer forum has held.
The family of a dead carpenter in Odisha will soon get his provident fund dues with the top consumer court ruling that such a benefit would not cease if the individual concerned was shifted from one department to another.